548 employees reported this benefit
Lockheed Martin provides a 401(k) Savings Plan.
This information about the 401K Plan benefit at Lockheed Martin is the result of research by Glassdoor editorial staff, and was not provided directly by a representative of Lockheed Martin. The description here may not reflect the current Lockheed Martin 401K Plan benefit.
For me as a 30 year employee, the company matches .50 on the dollar up to 8%. For newer employees that don't have a pension, I think it could be higher
Company Match is exceptional, to make up for pensions disappearing
Industry standard. $0.50/dollar matched up to 8%
Decent company match and wide selection of investment options.
decent 401k plan 50% up to 8% of your annual salary
The vest part is they contribute 10% toward your 401k. I don't have any complaints about they 401k tool.
Standard company match, financial planning tools and budgeting tools offered as well.
Decent match but just slights higher than others
Good matching and a variety of fund options
Plan offers very limited options